# Flanagan State Bank 401(k) Plan
Source: https://planprovider.pro/companies/flanagan-state-bank-401k-plan

> Flanagan State Bank's 401(k) plan: 118 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Flanagan State Bank

- **Sponsor EIN:** 370276830

- **Sponsor Address:** 301 WEST FALCON HIGHWAY, FLANAGAN, IL, 61740

- **Plan Type:** 401(k)

- **Total Participants:** 118

- **Total Assets:** $14.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|118|$14.7M|$394,270|$534,440|

| 2023|125|$14.1M|$302,947|$594,649|

| 2022|140|$11.9M|$308,861|$695,093|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| NORTH STAR INVESTMENT MANAGEMENT|FINANCIAL ADVISOR|$28,807|—|$28,807|

| EMPLOYEE FIDUCIARY, LLC|RECORDKEEPER|$18,904|$479|$19,383|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [EMPLOYEE FIDUCIARY, LLC](https://planprovider.pro/provider/employee-fiduciary) — RECORDKEEPER

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $48,190

- **Estimated Expense Ratio:** 0.328% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$47,711|—|$18,904|—|—|

| 2023|$43,769|—|$17,269|—|—|

| 2022|$44,388|$26,000|$18,388|—|—|

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